(Definition of âchamberâ from the Cambridge Advanced Learnerâs Dictionary & Thesaurus Â© Cambridge University Press) chamber in American English See all translations
A book for keeping notes, especially one for keeping accounting records. ledger (Noun). : A collection of accounting entries consisting of credits and debits. ledger (Noun). : A board attached to a wall to provide support for attaching other structural elements (such as deck joists or roof rafters) to the building.
The following are the differences between journal and ledger. 1  The Journal is a book where all the financial transactions are recorded for the first time. 2  The Journal is a subsidiary book, whereas Ledger is a principal book.  The Journal is known as the book of initial entry, but Ledger is a book of final entry.